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September 21, 2025Bitcoinist logoBitcoinist

Crypto Custodian BitGo Reports $90 Billion In US IPO Filing – Details

According to the latest report, crypto custody company BitGo has filed an initial public offering (IPO) in the United ￰0￱ strategic move comes as several digital asset firms look to take advantage of the improving climate under United States President Donald Trump’s ￰1￱ Records $4.2 Billion Revenue In First Half Of 2025 On Friday, September 19, BitGo submitted an S-1 filing with the US Securities and Exchange Commission (SEC) for an initial public ￰2￱ crypto custodian aims to list its Class A common stock on the New York Stock Exchange (NYSE) under the ticker symbol “BTGO,” the document ￰3￱ latest filing comes after BitGo initially submitted a confidential draft version of S-1 IPO document in ￰4￱ firm is looking to join a strong list of recent public debuts in the United States by crypto companies, including Circle, Bullish, and ￰5￱ the S-1 filing, BitGo disclosed that it held around $90.3 billion worth of assets on its platform as of June 2025.

Meanwhile, the crypto custody firm also claimed to have witnessed a revenue growth in the first half of the year, with $4.2 billion compared to $1.1 billion in the first six months of ￰6￱ on the terms of the S-1, BitGo co-founder and CEO Mike Belshe will retain majority voting power under a dual-class share structure, holding Class B shares with 15 votes ￰7￱ detail will ensure that BitGo remains a “controlled company” under NYSE ￰8￱ filing read: Although we do not currently intend to rely on any such exemptions, we may do so in the future and if we utilize any of the exemptions, you will not have the same protections as those afforded to stockholders of companies that are subject to such governance requirements” and “Management - Controlled Company Status” for more ￰9￱ already mentioned, several crypto firms have seen notable public market debuts over the past few months.

Meanwhile, other major companies, including Gemini and Grayscale, are also looking to go public in the United ￰10￱ Firms Continue To Flourish Under Trump Following the election of Donald Trump as US president, the US crypto landscape has witnessed a positive ￰11￱ change has arrived on the back of a clearer regulatory regime, as seen with the introduction of crypto-focused bills such as the GENIUS Stablecoin Act . Moreover, the “crypto treasury” frenzy is also another example to point at, as more publicly traded firms are actively acquiring digital assets on their balance ￰12￱ rise in the institutional adoption of cryptocurrencies can be seen in the continuous growth of the market, with various assets reaching multiple all-time highs in the past few months.

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